FDIC to Ease Banks’ Living-Will Mandates, Acting Chair Says (2)

Travis Hill, acting chair of the Federal Deposit Insurance Corp., says the agency will waive a requirement in banks’ so-called living wills so they’re no longer built around a hypothetical failure scenario.

Instead, the regulator will look for updated resolution plans focused “more specifically on providing the FDIC the information it needs to rapidly market the institution and, if needed, operate the institution for a short period of time,” Hill said at an American Bankers Association event on Tuesday.

The agency also will place less emphasis on discussion over strategy about how a collapsing lender transitions into an ...